Senior Product Manager

U.S. Bank National Association • Minneapolis, MN

22h

About The Position

The Senior Product Manager for the Focus Payroll Card owns the end‑to‑end strategy, performance, and long‑term success of the product, with full accountability for profit and loss. This role sets product vision and drives portfolio growth through rigorous financial and performance management, customer insight, and disciplined execution across the product lifecycle. The Senior Product Manager partners closely with Finance to manage monthly performance analysis, identify trends, and deliver executive‑level reporting on profitability drivers, portfolio performance, and margin optimization opportunities. Using deep analysis of cardholder behavior, adoption, and usage trends—along with ongoing competitive and market research—this role identifies gaps, anticipates industry shifts, and informs product strategy, pricing, and investment decisions. The role builds strong business cases and financial models to support roadmap prioritization and ensures adherence to regulatory requirements and internal controls. As a product leader and subject matter expert, the Senior Product Manager works cross‑functionally with Sales, Marketing, Technology, Experience Design, Operations, Fraud, Compliance, Legal, Implementations, and Finance to support new business development, client onboarding, and go‑to‑market execution. This includes responding to sales inquiries, RFPs, pricing requests, finalist presentations, and contract negotiations, as well as guiding new product and program launches from concept through delivery. Aligned with U.S. Bank’s human + digital product strategy, the Senior Product Manager defines product outcomes and Objectives and Key Results (OKRs), translates strategy into actionable roadmaps, and partners with agile and technology teams to deliver capabilities that drive business and customer outcomes. The role balances investment and return, leads multi‑year strategic planning, and continuously improves the client and cardholder experience. With a strong growth mindset, this leader acts as an advocate for prepaid offerings across the enterprise, explores new distribution channels and markets, and ensures the Focus Payroll Card remains competitive, compliant, and positioned for sustainable, long‑term growth.

Requirements

• Product Management experience

Nice To Haves

• P&L ownership and product financial management
• Product strategy, visioning, and multi‑year planning
• Data‑driven decision making, performance measurement, and optimization
• Customer experience research, insights, and execution
• Go‑to‑market strategy and sales channel enablement
• Pricing strategy and business case development
• Strong customer centricity across all touchpoints
• Knowledge of Agile ways of working and cross‑functional product delivery
• Understanding of technical product concepts, integration, and modernization
• Experience managing risk and regulatory considerations in a product environment

Responsibilities

• Owns the end‑to‑end strategy, performance, and long‑term success of the product, with full accountability for profit and loss.
• Sets product vision and drives portfolio growth through rigorous financial and performance management, customer insight, and disciplined execution across the product lifecycle.
• Partners closely with Finance to manage monthly performance analysis, identify trends, and deliver executive‑level reporting on profitability drivers, portfolio performance, and margin optimization opportunities.
• Uses deep analysis of cardholder behavior, adoption, and usage trends—along with ongoing competitive and market research—to identify gaps, anticipate industry shifts, and inform product strategy, pricing, and investment decisions.
• Builds strong business cases and financial models to support roadmap prioritization and ensures adherence to regulatory requirements and internal controls.
• Works cross‑functionally with Sales, Marketing, Technology, Experience Design, Operations, Fraud, Compliance, Legal, Implementations, and Finance to support new business development, client onboarding, and go‑to‑market execution.
• Responds to sales inquiries, RFPs, pricing requests, finalist presentations, and contract negotiations.
• Guides new product and program launches from concept through delivery.
• Defines product outcomes and Objectives and Key Results (OKRs).
• Translates strategy into actionable roadmaps.
• Partners with agile and technology teams to deliver capabilities that drive business and customer outcomes.
• Balances investment and return, leads multi‑year strategic planning, and continuously improves the client and cardholder experience.
• Acts as an advocate for prepaid offerings across the enterprise.
• Explores new distribution channels and markets.
• Ensures the Focus Payroll Card remains competitive, compliant, and positioned for sustainable, long‑term growth.

Benefits

• Healthcare (medical, dental, vision)
• Basic term and optional term life insurance
• Short-term and long-term disability
• Pregnancy disability and parental leave
• 401(k) and employer-funded retirement plan
• Paid vacation (from two to five weeks depending on salary grade and tenure)
• Up to 11 paid holiday opportunities
• Adoption assistance
• Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: No Education Listed
• Number of Employees: 501-1,000 employees